The 2012 election is set to become the priciest in history, with the Obama campaign predicting it has raised $60 million in the fourth quarter of this year alone.

The president’s re-election campaign and the Democratic National Committee raised roughly $155 million through the end of September.

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If it reaches its aim for this quarter, the campaign will have surpassed the staggering $200 million goal for the year, a campaign official said.

It means the campaign is well on its way to raise the total target of $750 million – the same amount they raised in the successful 2008 bid for the presidency.

Obama headlined 15 campaign fundraising events in the fourth quarter, according to Reuters.

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 Read More at The Daily Mail